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aap bio implants group and partners are granted EUR 1 million in funding to develop and manufacture ultra-clean biopolymers
The aap bio implants group, comprising the aap Implantate AG Group companies that are involved in medical biomaterials, has been able with cooperation partners to secure EUR 1 million in development funding from the European Union’s Euro-Transbio program.
The aap bio implants group plans to use this funding to set up GMP production (Good Manufacturing Practice) of ultra-clean, detoxicated biopolymers at its Dutch location in Nijmegen. These biopolymers are used, inter alia, in the fast-growing field of adhesion barriers in spine operations and internal surgery to prevent organic tissue from adhering. This is a product area in which aap bio implants is already active.
The new, patented production process - considered highly innovative and commercially promising by grant application evaluators - will enable aap bio implants to meet its own fast-growing requirements in the years ahead at a significantly lower cost than by using existing processes and also to supply third parties on a large scale.
For further information, please contact: aap Implantate AG | | Lorenzweg 5 | | D-12099 Berlin | | X | | Oliver Bielenstein | Nanette Hüdepohl | | Director/CFO | Investor & Public Relations | | Tel.: +49 30 750 19 - 140 | Tel.: +49 30 75019 - 133 | | Fax: +49 30 750 19 - 290 | Fax: +49 30 75019 - 290 | | X | | WKN 506660, ISIN DE0005066609 | | Prime Standard/Regulated Market | Traded at all German Stock Exchanges
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